Bitcoin Slips Below $80,000 as Gold Retreats With Falling US Bond Yields

Bitcoin fell below $80,000 during Tuesday’s Wall Street session after briefly touching a 14-week high of $81,265, dropping as low as $78,111 as the level continues to act as a strong resistance zone.

Gold also pulled back from its highest point since mid-May, falling nearly 2% as US Treasury yields eased.

Stocks Move Opposite to Crypto and Gold

While Bitcoin and gold cooled, US equities posted modest gains, with the S&P 500 and Nasdaq extending their recent divergence from crypto markets. This shift comes even as trade tensions between the US and Canada escalate, with President Trump criticizing Canada over longstanding trade imbalances.

Focus Shifts to Inflation Data and Nvidia Earnings

US 30-year bond yields dropped below 5.2%, nearing their lowest levels in weeks, following the Treasury’s recent move to expand debt buyback operations.

Analysts note that with the Federal Reserve unlikely to cut rates given current inflation conditions, direct bond market intervention remains the primary tool for lowering yields. Markets are now turning attention to Wednesday’s PCE inflation report and Nvidia’s earnings release for further directional cues.